Thursday, September 22, 2005

DSTI weekly chart case study


To understand why I'm so bullish in DSTI in particular right now, I have to show you its weekly chart. You should compare this weekly chart with the raw chart on stockcharts.com to see if you can see what I see without all my lines everywhere =)

The only thing making me sweat a little bit about DSTI right now is that there are more wicks on top of the candles on the daily chart than there have been ever in the past. Perhaps the underwriters are trying to make sure it doesn't get overheated right now. Or they could just be selling out.

In my opinion DSTI in 2005 is the closest chart to TASR in 2003 and TZOO in 2004. As long as both the energy market and DSTI remain in long-term uptrends I am comfortable holding a core position in the stock. I like trading around my core position though, making me a buyer when the sellers dry up and taking some profits when it gets overheated.

9 Comments:

At 4:25 AM, Anonymous Technicator.NET said...

I agree with you. I wrote a rather long report on DSTI's fundamental and technicals a few weeks back on my blog. I guess you can search for that one on my site. Anyways, DSTI is definitely heading higher. It is doing so technically and fundamentally it is a matter of time. Everything would involve in their production timing and sales contracts. This stock can be in the $30s or $40s once productions begins.

 
At 1:36 PM, Anonymous Anonymous said...

hey there nice analysis; i am following dsti with you as well. However I am wary of the fact that dsti's explosions in jun/jul correspond to the first time oil broke through $60...and I recall a lot of dsti momentum traders working on the news/hype alone. The volume (or "interest") spike may have been this short term action, not to be confused with ineterest in the company...jmo

 
At 8:15 PM, Blogger Gordengekko said...

Jon-

SIRI back to oversold here so keep an eye on it. I picked up some longer term Jan 06 calls today.

Gekko

 
At 2:18 PM, Anonymous Tim said...

Look at this Chart: (German Company)

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=de%3Aswv&sid=&o_symb=de%3Aswv&freq=1&time=8

(at www.bigcharts.com type into the ticker symbol frame: de:swv )

Profil:

In only a few years SolarWorld AG developed from the former trading company to a solar group with a fully integrated solar value chain process from solar silicon as the raw material to high quality solar power generating systems.

Solar-Power is a big theme here in Germany and this is the most sucessfull company.

Perhaps DSTI is on the same way ;-)

Greetings out of Germany

Tim

 
At 3:08 PM, Blogger jontait said...

Tim,

Thanks for linking to that chart and giving a little background info.

-Jon

 
At 1:54 PM, Blogger bumby_lansford said...

I am a previous holder of DSTI and while I agree with your assessment that it might go a lot higher, I believe you are a little off base (pardon the pun) when you say that it looks a lot like TASR at the beginning of it's run. I believe DSTI is quite a bit further along here than was TASR, in that DSTI is already on its 3rd base off bottom, where TASR broke out from a first base, and really never looked back. TZOO was a similar situaion. Most people would agree that a third or fourth base is more likely to fail, making DSTI a bit riskier than were TZOO and TASR at the beginning of their runs.

bumbytrades

 
At 6:54 PM, Anonymous Technicator.NET said...

Whether DSTI is a TASR or not, it won't be lower than $15 by the end of the year.

Oh yeah, Jon, check out my picks for monday. Let me know which are you fav.

 
At 10:00 PM, Blogger bumby_lansford said...

How can you say that with such certainty? One thing I am sure of is that there is no such thing as a sure thing and you should NEVER EVER fall in love with a stock.

--bumby

 
At 1:15 AM, Anonymous Technicator.NET said...

bumby,
I used to own DSTI, and I sold it already. I investigated the fundamentals on DSTI and its business plan and it looks great. Let time dictate if I am right or not.

 

Post a Comment

<< Home